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Title: Larry Mastropieri The Unusual Development Pattern Creating Scarcity in Palm Trail Florida

United States, 21st Oct 2025 – Larry Mastropieri has watched South Florida buyers adjust their expectations over the past year. They start looking in Miami or Fort Lauderdale because those are the names they know. Then they discover Delray Beach, and specifically a neighborhood most haven't heard of yet."They end up coming and staying in Delray," said Mastropieri, who leads The Mastropieri Group with a 100-plus property investment portfolio. "They're like, wow, this is the best of all worlds, especially if you can afford the $5 million price tag on a single family home."Palm Trail sits in the northeast corner of Atlantic Avenue and Federal Highway, positioning it between downtown Delray's active commercial strip and the Intracoastal. With just 200 homes and median prices at $2.075 million, the neighborhood represents something increasingly rare in South Florida: an infill location with room for new construction."There's not a lot of land left to build beautiful residential property," Mastropieri explained. "This little area not only is in the furthest east location on the mainland in Delray, but it also has the opportunity to either build or buy newer construction property."The Development Pattern Creating ValueThe neighborhood showcases an unusual mix. Vintage 1920s through 1970s cottages sit alongside new luxury construction, creating what Mastropieri calls a "city by the sea charm.""You have developers building there like crazy," he said. "And then you also have these vintage homes that have been well kept. It creates this complement when things are maintained properly, and long term, that's just going to add value to the neighborhood."His current listing at 301 North East Seventh Avenue exemplifies the trend: known as ‘Transitional’ which combines new luxu...

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